There Is Something In People; You Might

Companies Are Not Charitable Enterprises: They Hire Workers To Make Profits. In The United States, This Logic Still Works. In Europe, It Hardly Does.

Second, They [those Who Disagree With Market Efficiency] Always Claim They Know A Man, A Bank, Or A Fund That Does Do Better. Alas, Anecdotes Are Not Science. And Once Wharton School Dissertations Seek To Quantify The Performers, These Have A Tendency To Evaporate Into The Air - Or, At Least, Into Statistically Insignificant T-statistics.

What Counts Is Results, And There Can Be No Doubt That The Soviet Planning System Has Been A Powerful Engine For Economic Growth...the Soviet Model Has Surely Demonstrated That A Command Economy Is Capable Of Mobilizing Resources For Rapid Growth.

When The Economy Was Going Up, [milton Friedman And I] Both Gave The Same Advice, And When The Economy Was Going Down, We Gave The Same Advice. But In Between He Didn't Change His Advice At All.

The Recent Market Run-up That Appreciated Run-of-the- Mill Shares Also Chanced To Send Up Those Token Gold Holdings. Pure Luck, Undeserved And Unlikely To Reoccur. Good Questions Outrank Easy Answers.